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Local preference move unlikely to give push to solar gear makers

For any procurement by the Central government agencies and nodal departments, the preference would be given to local products for which there is sufficient local capacity

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Class-I local supplier pertains to any supplier or service provider, whose goods, services or works offered for procurement, has local content equal to or more than 50 per cent.

Shreya Jai New Delhi

4 min read Last Updated : Sep 28 2020 | 10:17 AM IST

The recent policy decision of the Centre to prefer local equipment for renewable energy projects may further its drive for 'Make in India' products but is unlikely to provide any major push to the domestic solar manufacturers.

The ministry of new and renewable energy (MNRE) in a notification issued last week said that for any procurement by the Central government agencies and nodal departments, the preference would be given to local products for which there is sufficient local capacity. The notice enlisted close to 80 products ranging from solar cells and modules to wind turbine, electrical equipment for hydro, biogas etc.

Topics : solar power India solar policies solar market